PR: Kibo Lotto Obtains Curaçao Gaming License

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Obtaining the license is certainly an important step in the development of Kibo as the first fully decentralized international platform for lotto games. The license, issued by the regulator on Curacao, opens the door for legal interaction with players and partners in accordance with international legal norms.

Kibo is an innovative platform, the algorithms of which are completely built on Ethereum smart contracts. So Kibo team needed to do a lot of work in order to meet all the necessary requirements of the regulator. This included deep dive into the details of the project and audit of the platform’s random number generator with the involvement of Trisigma, which is an accredited test laboratory specializing in software testing and certification in the gaming industry.

Kibo team announced the other day that this important work is complete. This is significant not only for the operation of the Kibo platform but also for the lotto industry as a whole.

License details:

Date of receipt: July 10, 2018

Jurisdiction: Curaçao

License number: 8048 / JAZ2018–039

Despite the fact that the transparency of all draws, from buying a ticket to earning wins, is regulated by a smart contract and does not need additional guarantees, licensing of Kibo opens up new, no less important opportunities for the development of the platform. The most obvious of them is access to banking services and payment systems to provide players in the future a possibility of buying a ticket through the usual payment systems. And also access to all promotion tools and a mutually beneficial legal partnership with any representatives of the gaming market.

Kibo is not going to stop there and stated that their lawyers are actively working with regulators in several jurisdictions to obtain new licenses to maximize presence and unhindered promotion of Kibo Lotto in the maximum number of countries.

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The international conference RISK 2019 to give host to Blockchain enthusiasts and experts on the second day of the conference… read more.

Bitcoin.com PR

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

In Case You Missed It

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland. “Bitcoin cash (BCH) is online and available now on all our ATMs!” Värdex Suisse announced in a tweet on Tuesday. The company claims it maintains the largest crypto ATM network in the Alpine nation… read more.

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.